E. Ohman J or Asset Management AB Acquires 450 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

E. Ohman J or Asset Management AB boosted its holdings in shares of Ulta Beauty, Inc. (NASDAQ:ULTA) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,450 shares of the specialty retailer’s stock after purchasing an additional 450 shares during the period. E. Ohman J or Asset Management AB’s holdings in Ulta Beauty were worth $1,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paladin Wealth LLC bought a new position in Ulta Beauty during the third quarter worth about $32,000. Sunbelt Securities Inc. lifted its stake in Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 45 shares during the period. Westside Investment Management Inc. lifted its stake in Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 50 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Ulta Beauty during the third quarter worth about $41,000. Finally, Future Financial Wealth Managment LLC bought a new position in Ulta Beauty during the fourth quarter worth about $43,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ULTA. TD Cowen raised their price target on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ulta Beauty from $426.00 to $424.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets lifted their target price on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Canaccord Genuity Group lifted their target price on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $457.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

ULTA opened at $410.67 on Thursday. The company has a fifty day moving average price of $416.81 and a two-hundred day moving average price of $386.06. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a market capitalization of $19.04 billion, a PE ratio of 16.43, a P/E/G ratio of 0.98 and a beta of 1.28.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $5.07 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Ulta Beauty, Inc. will post 23.96 EPS for the current year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.